Sec. 7. 9-A MRSA §2-201, sub-§9-A, as amended by PL 1999, c. 699, Pt. D, §2 and affected by §30, is further amended to read:

9-A. Notwithstanding any other provision of law, the finance charge on a consumer credit sale of a motor vehicle, as defined in this section, that is sold on or after January 1, 1994 may not exceed 18% 12% per year on the unpaid balance of the amount financed. For the purposes of this section, "motor vehicle" means any self-propelled vehicle not operated exclusively on tracks, except agricultural machinery and any other devices that do not constitute consumer goods, as defined in Title 11, section 9-1102, subsection (23).

Sec. 8. 9-A MRSA §2-201, sub-§10, as amended by PL 1987, c. 129, §32, is further amended to read:

10. Notwithstanding any other subsection, the finance charge on a transaction to finance or refinance the acquisition of, or secured by, manufactured housing, not involving a security interest in real estate, may not exceed the greater of the following:

A. A rate 2% greater than the maximum rate established by federal regulations pursuant to the United States Code, Title 38, Section 1819(f), Veterans Housing Act of 1970, as amended, and published from time to time in the Federal Register, 38 Code of Federal Regulations, Part 36; or

B. 18% 12% per year.

In the event no a specific maximum rate is not established by federal regulation in accordance with this subsection, this subsection shall does not apply.

Sec. 9. 9-A MRSA §2-202, sub-§3, as repealed and replaced by PL 1995, c. 84, §2, is repealed and the following enacted in its place:

3.__For sales made pursuant to this section:

A.__If the billing cycle is monthly, the charge may not exceed 1% of the amount pursuant to subsection 2; and

B.__If the billing cycle is not monthly, the maximum charge is that percentage that bears the same relation to the applicable monthly percentage as the number of days in the billing cycle bears to 30.